Other News

Long-term, negative side of REITs argued
24 Mar 2015

The short-term gains — tax benefits, a boost in stock prices and potentially lower debt — can be overshadowed by long-term issues.

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Resorts World Las Vegas groundbreaking announced
24 Mar 2015

The Strip development, which has been in planning for two years, is projected to include 3,000 hotel rooms and a casino with a combined 3,500 slot machines and table games in its initial phase.

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Plainridge Park Casino to open on June 24, 2015
23 Mar 2015

The first casino to open in Massachusetts will include nine dining and entertainment venues, live harness racing and over 1,200 slot machines and electronic table games.

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Assemblyman pushes for lottery at Nevada Legislature
20 Mar 2015

Harvey Munford (D-Las Vegas) made his pitch Thursday before the Assembly Legislative Operations and Elections Committee.

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Hedge fund proposes REIT split for MGM Resorts
18 Mar 2015

MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.

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Inside Gaming: New Orleans readies smoking ban, but it won't happen here
18 Mar 2015

Next month, New Orleans will ban smoking in most public venues within Orleans Parish, including bars, hotels, sports stadiums and restaurants. Harrah’s New Orleans is also on the no-smoking list.

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Hedge fund says bid for Pinnacle real estate too low
16 Mar 2015

New York-based Orange Capital, which owns 5.9 percent of Las Vegas-based Pinnacle, said this week’s offer from Gaming and Leisure Properties Inc. to acquire the real estate associated with Pinnacle’s 15 regional casinos “dramatically undervalues” the company.

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Lower trigger for jackpots seen as costly for casinos
13 Mar 2015

The suggested move to reduce the trigger from $1,200 to $600 on jackpots for slot machines, keno and table games, was soundly criticized by gaming industry leaders as unnecessary and burdensome.

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REIT offers to buy real estate of Pinnacle Entertainment
10 Mar 2015

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

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Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

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Gaming Insider: Adding Buffalo a runaway hit for bar-top gaming
9 Mar 2015

Buffalo has been ranked as the best-earning slot machine game in the U.S. casino market for the past three years by Goldman Sachs in the Wall Street investment firm’s annual survey.

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A revived locals market could push Station Casinos to IPO
25 Feb 2015

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

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Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?
23 Feb 2015

If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?

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Riviera purchase seen being OK'd despite short-term job losses
20 Feb 2015

When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera Hotel and Casino on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition.

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Boyd Gaming narrows net loss in fourth quarter
13 Feb 2015

Boyd Gaming said its net loss for the fourth quarter was $32.4 million, or 29 cents per share. A year ago, the company lost $47.3 million, or 43 cents per share.

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